It’s a hole in one for Spain
According to KPMG’s most recent survey from the Golf Advisory Practice, there are close to 400 new golf facilities in the EMEA (Europe, Middle East & Africa) region which have opened after 2008 or started development since the economic downturn. Even though the pace of development has slowed, mainly as a result of the credit crunch, there is still activity in the market. There’s no doubt about it, golf remains of the most popular sports today and the love of the game doesn’t seem to be waning no matter how tight pockets may be squeezed.
Highlighting the importance of golf in Spain are high profile Tours such as the PGA European tour, Open de Espana, which returns to the Catalunya Resort this week (15th – 18th May 2014) for the first time since 2009, are once again frequenting Iberian shores bringing in the crowds and driving accommodation demands up.
Marc Pritchard, Sales and Marketing Director for leading Spanish home builder Taylor Wimpey Espana comments, “The importance of golf tourism to Spain and the wider European economy is abundantly clear and despite being hit by the recession over the last few years, it’s certainly making a comeback hand in hand with the property market.
“Indeed, as stated by the National Golf Federation a whopping 56 million people worldwide play golf with Spain alone poised to attract a large percentage of these golf travellers in the years ahead. The demand for golf properties Europe´s most popular golf destination, Spain, has and will remain strong. Here at Taylor Wimpey Espana we continue to sell out golf developments on both mainland Spain and the islands very swiftly. Last year our Los Arqueros development in the Costa Del Sol sold out, 114 luxury apartments in just 11 weeks!”
But it’s not just the Costas which are benefiting from the boost of the recent PGA European Tour; demand for golf property in other prime Spanish locations is also increasing according to Taylor Wimpey de Espana. Enquiries for second homes in Mallorca have almost doubled in the first quarter of 2014 in comparison to the same period last year.
The Mallorcan market is particularly interesting. The largest of the Balearic Islands, Mallorca offers a different experience to mainland Spain, it has unique culture and traditions and breath taking beaches. Sales on the island are booming thanks to foreign buyers and Taylor Wimpey Espana continues to strive to find the very best sites to develop residential communities in order to keep up with the high demand.
The brand new Camp de Mar Beach development offers a very rare opportunity to buy a well-priced new townhouse on the south west of Mallorca, located in Camp de Mar, within walking distance to the best golf courses on the island and a beautiful beach, about 25 minutes from Palma and 30 minutes to the airport.
The development consists of 2 and 3 bedroom townhouses in a gated community designed to a Mediterranean style with beautiful landscaped gardens and a large modern swimming pool. With the Andratx Golf Clubhouse being just 50 metres away for all owners to enjoy and a few minutes’ walk to the stunning beach of Camp de Mar, these properties are definitely not to be missed at just €377.000.
For more information, visit taylorwimpeyspain.com.
